Quote from: bitcoin_is_here_to_stay_2 on February 04, 2018, 01:04:38 AM

Quote from: Biodom on February 03, 2018, 05:47:37 PM

Make a screen shot of that graph as ml is now (temporarily?) banned from at least russian version of tradingview.
He says that he does not know why exactly. Maybe some token service term violation or they don't like his ideas [speculative from him].

Re the question of graph interpretation, he posted in comments that he does not have enough info re the structure of 4, but I, personally, don't really care if it is a flat or a hump with 13-14 intermediate top, then retest higher low as long as we are for a longer term ride to 50-100K.

Yeah, he was very vague about 4. I am not even sure whether he means that there would be a bottom below 7k, before we go to 50-100k? One would think that being in wave 4 must (?) imply this, but this part is left blank on the picture.

If we just crawl up along the trendline from 7.7k, which I personally consider most likely, there would be no reason to call it 4? Or is this scenario also considered likely my ML? I wish I knew Tongue

We are deep in 4 already (at the minimum).
He indicated the lows of 4 with a red spot (so far on the money).
From his perspective the unknown is the structure of 4 as it transitions to 5.
You can look at 2013 (from 250-260 correction) for a possible structure, but it could be something else entirely.

My (not ml) macro take on this is as follows:

PTB made a decision to participate in crypto (Davos showed it), but too much crypto is in the hands of lower class (in their opinion) investors, so they try to remove crypto from weak hands into their hands using propaganda, old school people like Krugman and Roubini, denying credit card purchases, etc.

Who do you think rely more on credit cards to purchase btc? No need to even answer. Hence they manufactured a spike and a small (so far) crash. They did the same with the Internet, then loaded on gen 2 internet while denying lower 95% a chance to participate in earlier rounds where 90% of appreciation in FB was made, for example. Amazon was pushed from 100 to 5, then folks like Bill Miller came in and scooped it cheap, while CNBC was lamenting the "Internet crash".